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City of Gastonia, North Carolina
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
North Carolina
County
Gaston County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Gastonia reported a net position of $62.3M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $71.9M against liabilities of $6.1M, representing a strong financial position with an assets-to-liabilities ratio of 11.85. Operating results were favorable, with revenues of $97.9M exceeding expenditures of $83.3M by $11.5M. The 11.8% operating margin reflects strong fiscal management. All metrics are calculated using General Fund data.